- 5 - spent little on herself, and essentially all of petitioner’s income in each year was spent on family expenses. Other than a mandatory State retirement fund to which petitioner contributed, petitioner does not have significant savings. Using his income, Alimam generally paid the other half of the monthly mortgage, the household utility bills, payments due on the various cars he purchased, the payments due on petitioner’s one car, and his many personal expenses. Throughout their marriage, petitioner and Alimam maintained separate checking accounts, and generally, the monthly mortgage payments were made with checks written by Alimam. In 1989, Alimam filed for bankruptcy. Petitioner also signed the bankruptcy petition. At the time of the above bankruptcy, Alimam inaccurately told petitioner that the above bankruptcy and their poor financial situation were caused by various tax shelter deductions, which Alimam had claimed on their joint Federal income tax returns and which had been audited and disallowed by respondent, resulting in large tax deficiencies. In fact, Alimam and petitioner’s bankruptcy and tax problems related significantly to unpaid taxes attributable to Alimam’s income from his medical practice. Around the same time, petitioner had heard from friends and medical colleagues that they also hadPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011